Sammy Gelband Foundation

“Debra gelband, stephanie gelband, and lori duckstein have a family relationship.”

“No such committees existed during the year.”

“The board reviews the return prior to filing with the irs.”

“Whenever any director, officer, committee member, or employee of the corporation becomes aware that the corporation is considering a transaction that potentially creates a conflict of interest, he or she is obligated to notify the board and to disclose all material facts relating to his or her interest in the transaction. The board will determine whether an actual conflict of interest exists and take action that the board deems appropriate. The interested person may not be present when the board makes its determination other than to answer questions. If no conflict of interest is found to exist, the minutes of the meeting must record the basis of the board's determination. If the board determines that a transaction would create a conflict of interest, the transaction must be approved in advance by only those board members who do not have a conflict with respect to the transaction. Any interested person therefore must recuse him- or herself from consideration of the transaction. He or she may not vote on the transaction or be present when the vote is taken. Interested persons, however, may be counted for the purpose of determining whether a quorum exists at the meeting even though they are temporarily absent while the transaction is considered.”

“The foundation makes these documents available upon request.”

“Our mission is to provide assistance to help alleviate the financial burden families experience while caring for their babies or young children confronted with serious health challenges.”